Dramatic Takedown of U.S. Jobs

[errolanderson]

The U.S. reported a gain of 49,000 jobs in January, but forgot to highlight 9.9 million jobs have been lost to the pandemic. Many of these jobs will never return, the so-called K-shaped recovery. Millions have given up looking for work. These are the uncounted, but hey . . . the unemployment rate apparently dropped in January without counting-the-uncounted, that’s what counts.

The Fed has thrown the kitchen sink in the form of money printing (40 percent more dollars in-circulation over the past year) creating a grossly bloated stock market. But the benefit of stimulus (volacity of money) has now ground to post WW ll levels. In other words, the failure of inflation and Fed policy (IMO).

It takes no economic’s degree here to sense an approaching detour in this planned road-to-prosperity.

[jazz]

Errol I read this weekend that the world lost 400M FT jobs in the last year.

Is that correct?

Stock market has become a stimulus proxy. Divorced from reality and the economy.

IMO this is a little taste of the automation economy coming our way. Companies found out how many employees they don't need. Rise of the useless class.

[furrowtickler]

It’s the new math . A way for governments and media to spin truths

[SASKFARMER]

It's Called Fun with Numbers!

[biglentil]

The U.S. reported a gain of 49,000 jobs in January, but forgot to highlight 9.9 million jobs have been lost to the pandemic. Many of these jobs will never return, the so-called K-shaped recovery. Millions have given up looking for work. These are the uncounted, but hey . . . the unemployment rate apparently dropped in January without counting-the-uncounted, that’s what counts.

The Fed has thrown the kitchen sink in the form of money printing (40 percent more dollars in-circulation over the past year) creating a grossly bloated stock market. But the benefit of stimulus (volacity of money) has now ground to post WW ll levels. In other words, the failure of inflation and Fed policy (IMO).

It takes no economic’s degree here to sense an approaching detour in this planned road-to-prosperity.

There is unprecedented velocity in one sector in particular. A group splintered off the WSB crowd and have targeted physical silver. The movement is growing exponentially and many coin dealers are doing 20x normal volumes.

[errolanderson]

There is unprecedented velocity in one sector in particular. A group splintered off the WSB crowd and have targeted physical silver. The movement is growing exponentially and many coin dealers are doing 20x normal volumes.

Reddit . . . the power or weakness of social media

[chuckChuck]

The U.S. reported a gain of 49,000 jobs in January, but forgot to highlight 9.9 million jobs have been lost to the pandemic. Many of these jobs will never return, the so-called K-shaped recovery. Millions have given up looking for work. These are the uncounted, but hey . . . the unemployment rate apparently dropped in January without counting-the-uncounted, that’s what counts.

The Fed has thrown the kitchen sink in the form of money printing (40 percent more dollars in-circulation over the past year) creating a grossly bloated stock market. But the benefit of stimulus (volacity of money) has now ground to post WW ll levels. In other words, the failure of inflation and Fed policy (IMO).

It takes no economic’s degree here to sense an approaching detour in this planned road-to-prosperity.

So Errol what would have happened to the US economy if the Feds hadn't used fiscal stimulus to keep the economy rolling during the the largest economic shock in 90 years?

[FarmJunkie]

It’s called a depression! It’s generally what’s needed to get rid of the tard sacks of society. But we can’t let that happen anymore cause we are in a love state of mind. And look at the world we live in now. Boys are girls and girls are boys and some don’t know who they are and we all have to pay for it. Business men create businesses and for that matter societies can’t stand on their own but we have to pay for it. The system we have built can’t be sustained so when u have setbacks like depressions and they weed out the shit we rebuild and continue on but like I said that can’t happen. It would definitely lead to worse things which most of us haven’t seen in our life time but in a love state of mind we can’t let that happen.

[errolanderson]

So Errol what would have happened to the US economy if the Feds hadn't used fiscal stimulus to keep the economy rolling during the the largest economic shock in 90 years?

If markets would have taken-the-poison pill when deficits were far, far smaller in 2008 . . . the economy today would be in a far better position for recovery.

Now, the U.S. in-particular is unindated with ZOMBIE companies. They should not exist, those jobs should not exist. Rather, the green buds of a renewed, fresh economy of fresh developing business has been muted by Fed central bank policy protecting Wall Street at all and any cost. Companies need to die and/or be taken over pennies-on-the-dollar.

Now, we have an economic Titanic that has already hit-the-iceberg, but just disappeared from sight (IMO). This will now take a full generation-of-pain to recover, but . . . hey, hey, hey . . . look at them record-breaking stock markets . . . and be damned you savers.

My opinion may not be shared by financial community opinions and vice-versa . . . .

[chuckChuck]

If markets would have taken-the-poison pill when deficits were far, far smaller in 2008 . . . the economy today would be in a far better position for recovery.

Now, the U.S. in-particular is unindated with ZOMBIE companies. They should not exist, those jobs should not exist. Rather, the green buds of a renewed, fresh economy of fresh developing business has been muted by Fed central bank policy protecting Wall Street at all and any cost. Companies need to die and/or be taken over pennies-on-the-dollar.

Now, we have an economic Titanic that has already hit-the-iceberg, but just disappeared from sight (IMO). This will now take a full generation-of-pain to recover, but . . . hey, hey, hey . . . look at them record-breaking stock markets . . . and be damned you savers.

My opinion may not be shared by financial community opinions and vice-versa . . . .

I think you forgot to mention even greater unemployment, a large number of bankruptcies, evictions and homeless, jobless people with no where to go.

[SASKFARMER]

Yea chuck you sure got Canada right with that last statement. Trudeau is turning us into a shit hole.

But you vote for him so it's your fault really.





HAH HAHAHA oh you tried to make it worse in the USA like the news does every day.

Here is some news Canada is failing at all levels and it can all be traced back to one ****ing asshole Trudeau.

[CommonCents]

Jobs that may never come back:
coffee baristas
nail esthetician or technician
hot yoga/spin cycle instructor

Just for fun let’s see what else we live without while we “need” TFWP to fill jobs in transportation, primary agriculture and value-added agriculture processing to produce a necessity or move goods.

Gen Z is in for a rude awakening and reality check.

[biglentil]

Reddit . . . the power or weakness of social media

Wow!! Weakness Errol really? Mabey they should ban agriville too? Or perhaps critical thinking as well?

[chuckChuck]

You guys are all so pessimistic! Grain prices haven't been this high in many years. Rejoice, the end of the world is far away unless you are getting old and cranky! LOL

[helmach]

You guys are all so pessimistic! Grain prices haven't been this high in many years. Rejoice, the end of the world is far away unless you are getting old and cranky! LOL

Sure, but every other cost is also through the roof. I guess if you don't have any skin in the game you only look at one factor of an entire farming operation.